DHFL

Faced with liquidity crunch after IL&FS default and with rising number of defaults, the shadow bankers are seeking a bailout in the form of a separate liquidity window. But any decision on this would require detailed discussions, sources said.

Independent directors are seen increasingly jumping sinking ships. What do these abrupt resignations say about the efficacy of the independent directors, discusses UK Sinha, former chairman at market regulator Securities and Exchange Board of India (SEBI).

Terming investigative portal Cobrapost’s allegation of a Rs 31,000crore scam by its promoters as “frivolous,” Dewan Housing Finance (DHFL), a leading non-banking financing company (NBFC), said all loans were disbursed in the normal course of business in accordance with industry best practices and in compliance with all regulatory norms.